reported third-quarter earnings that exceeded analysts' expectations as demand strength in mobile PCs, servers, Internet infrastructure equipment, and digital consumer products outweighed softer Korean demand and slower demand growth in desktop PCs.
The company, based in South Portland, Maine, earned $84 million, or 82 cents a share, excluding the amortization of intangibles and charges, compared with $25.9 million, or 28 cents a share, in the same period last year. Five analysts polled by
First Call/Thomson Financial
produced a consensus estimate of 72 cents a share.
Revenue for the quarter rose to $476 million from $335.8 million a year ago.
The company also projected fourth-quarter revenue of about $490 million and said it expects full-year revenue to grow about 39% from last year's figure of $1.3 billion. Revenue for 2001 is expected to grow 20% to 25%.